BEE
Petra Diamonds’ black economic-empowerment (BEE) partners have secured refinancing from Absa Corporate and Investment Banking and FirstRand Bank, through Rand Merchant Bank (RMB), to settle the R1.08-billion in loans due to Petra following Senakha Mining Investments, Thembinkosi Mining Investments and the Petra Diamonds Employee Trust’s acquisition of interests in the Finsch and Cullinan mines. The move will allow Petra to strengthen its balance sheet and confirm the start of dividends distribution for the current financial year to June 2015.
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